haritable contributions can be the simplest estate-planning tool. A charitable contribution is simply a gift of property to a charitable organization.

Charitable contributions can be made in a variety of manners. An individual donor may make an outright gift to charity without a retained interest of any kind. On the other hand, a donor may make a contribution to a charity of cash or property and receive an immediate income tax deduction while retaining an income interest off such property for a period of years. In addition, a donor may choose to make a contribution to a charity of property or cash and give the charity an income interest for a period of years, while retaining a remainder for non-charitable purposes.

Like other investments, the key to making the most of charitable gifts requires careful consideration of what you want to accomplish and then careful planning to achieve that goal. Considering what to give, when to give and how to give will help you make the critical decision of how much to give. Exploring the options will also help make you aware of various tax incentives that can stretch your charitable dollars.

For ease in understanding, we have categorized charitable gifts as Simple or Complex.

Because the rules regarding the tax implications of planned giving may change, we urge you to consult one of the many professionals who stay abreast of changing laws and their effect on the taxation of specific investments. It is good to partner with a financial advisor with whom you are comfortable to annually assess the status of your estate.

We appreciate your consideration of a planned gift to help fund Catholic education at St. Joseph through the St. Joseph School Endowment and Charitable Trust. Please give Jacqueline Kordsmeier, Executive Director, a call at 501-329-1818 if we can be of assistance to you.